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New LME Al premium hedging contract might help cut queues

The London Metal Exchange will launch aluminium premium hedging contracts in Europe, Asia and North America, it said in a notice on Monday April 7.

"Following positive feedback from key market participants,
the LME is today announcing its intention to launch a new suite
of products which will allow buyers to take physical delivery
of readily-accessible metal warrants in specific regions of the
world," the notice said. "The contract will initially be
deployed for aluminium in three regions (North America, Western
Europe and Asia), with the potential for other metals if market
demand proves sufficient," it added. Presently, only the
aluminium price itself can be hedged. As premiums for accessing
metal in each region have grown – peaking this year in
North America at about 25% of the overall cost...

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